No Credit Check Online Loans
with Opploans

What is a No Credit Check Loan?

A No Credit Check Loan is typically a type of loan in which a lender determines the “creditworthiness” of a potential borrower without conducting a hard credit check.

This can be appealing to potential borrowers who are concerned about the condition of their bad credit or credit history. A “no credit check loan” may seem like a good fast cash option but there are always risks. Educating yourself is the best way to make the safest borrowing decision for you.

How do No Credit Check Loans work?

So how can you borrow money without a credit check? You might find yourself considering a no credit check loan. A no credit check loan could be one of several different products, and some are safer than others, so you’ll want to do your research before signing any contract.

OppLoans offers short term personal loans with no hard  credit checks by assessing a borrower’s creditworthiness by looking at:

  • employment status
  • income details
  • bank account
  • financial history
Applying for a loan at OppLoans does NOT affect your FICO® credit score!
Head to our Rates & Terms page to learn more.

Common Question

Are no credit check loans safe?

Loans with no credit check are offered by both reputable, legitimate lenders and predatory lenders alike to borrowers with poor credit. Three main factors distinguish a responsible loan product from a bad one, they are: rate, term, and ability to repay.

  • Rate: Rate is the cost of borrowing money. This is generally expressed as either the “interest rate”—the percentage of a principal loan amount charged to a borrower—or, if you extend that number over the course of a year, the annual percentage rate (APR).
  • Term: Term is the period of time between the funding of a loan and when the principal and all fees must be repaid.
  • Ability to Repay: Whenever you’re borrowing money, make sure that your lender is checking your ability to repay the loan at the rate and within the terms they’re offering.

If you can’t use a credit card or borrow from a family member, a no credit check loan could be the right product for you. Just make sure that you understand the rate and the term of the loan being offered. Also, be sure that the potential lender makes an effort to understand if you can actually afford to repay the loan. If this doesn’t include a credit check, then make sure that they want to check your employment and income.

What will my interest rate be?

Rates offered through OppLoans range from 99–199% APR. Products offered through OppLoans have different rates and terms depending on the state where you live.
You can see a state-by-state breakdown of loan rates and terms here.

How is this different than payday loans?

Payday loans are short term, high cost, low value loans. OppLoans installment loans come with longer terms, lower rates, and higher principals.
Here’s a quick snapshot to explain the differences:

OppLoansPayday Loans
Loan amount$500 – $4,000$350
APR99 – 199%339%+
TermUp to 36 months14 days
Ability to build credit history†X
No collateral neededX
Risk losing your carXX
How fast will I get my money?

If you submit your loan application and it is processed and approved before 7:30 p.m. ET Monday-Friday are typically funded the next business day.*

Applying for a loan at OppLoans does NOT affect your FICO® credit score!
Head to our Rates & Terms page to learn more.